AMP chief risk officer for advice Pally Bargri has stepped down from his role in the wake of a fee scandal at the firm.
Bargri will resign in the middle of July 2018. The bank has already initiated an internal and external search for his replacement.
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Confirming the resignation in his LinkedIn post, Bargri said: “When I think of where I’m personally at, and the energy and commitment the organisation needs from me now, I conclude that I have insufficent capacity to carry through the important task of navigating the days and months ahead.
“Perhaps the ambiguity of what I’ll do next, and the uncertainty about the opportunity that lies ahead, is a nice challenge to have. But for now, I look forward to sharing all I have with my two girls, as I begin to contemplate what may be next.”
Bargri’s departure is the latest in a series of exits at AMP following revelations at the banking royal commission that the firm charged fees for no service and also misled regulators.
Earlier this month, AMP CEO Craig Meller and chairman Catherine Brenner stepped down from their roles. Brenner has been replaced with David Murray.
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